Delcam delivers record annual results

UK software company Delcam delivered its best-ever annual results driven by strong sales across the US, Far East and Europe.

UK software company Delcam delivered its best-ever annual results driven by strong sales across the US, Far East and Europe.

Sales for 2012 came to £47.1m, a 12% increase from £41.9m the prior year, boosted by revenues from software licences which jumped 16% to £24.5m.

Pre-tax profit grew by 54% to £5.1m, compared to £3.3m in 2011. Basic earnings per share climbed 65% to 58.2p from 35.3p.

"These results are Delcam's best ever and the sales trend is especially encouraging, with new sales records achieved in each of the last six half year periods," said Chairman, Peter Miles.

"Our continued progress in 2012 was very encouraging, especially given the levels of financial uncertainty which affected sentiment for investment in many of our important markets."

The company - which services aerospace, automotive, footwear, medical and dental, toy and sports equipment sectors - proposed a final dividend of 7.0p per share, bringing the total to 9.5p, a 36% increase.

Delcam's main market continued to be the automotive and aerospace industries.

Revenues from Europe accounted for 51% of group sales, with 25% coming from Asia, and 24% from the Americas.

"Given the positive start to the year, we expect Delcam to make further good progress in 2013," Miles concluded.

Shares rose 0.34% to 1,467.50p at 13:58 Tuesday.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021
The MoneyWeek Podcast: bitcoin special
Bitcoin

The MoneyWeek Podcast: bitcoin special

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe…
15 Jan 2021
Leasehold reforms promise the end of a nightmare for many homeowners
Property

Leasehold reforms promise the end of a nightmare for many homeowners

Horror stories about unscrupulous landlords profiting from a legal relic of the feudal era are about to get a happy ending, says Simon Wilson.
16 Jan 2021